Union Budget 2016
Mr Arun Jaitley has presented the third budget of the present BJP-NDA Government. Truly speaking, the Union Budget is a statement of Income and Expenditure of Government of India , but it gains importance since the income gets generated from various taxes and levies, affecting all citizens and expenditure statement lays down development agenda for the country. In Indian context, Government is the biggest spender, and direction of its expenditure become policy statements affecting vast majority of population. Government's direct tax (income) policies determine the cut in our take home income and indirect taxes (income for Government again) determine how much of our expenses contribute to the Govt coffers like excise we pay on all the goods we purchase. Similarly, Governmnet's expeniture lays down the road map for infrastructure, public health, education, defence expenditure etc etc. Main thrust of budget 2016 is to strenghthen rural economy and infrastructure development. I